My question,
Where’s the capital going to come from? The money can be ran off a printing press. But where’s the wealth going to come from?
Confiscation from fiat money holders?
Pretty soon there won’t be much left to confiscate. We’re in this depression because we’re already too much in debt and broke.
Thoughts?
I hope the IMF sells off all their gold so they can go bankrupt. Maybe get a good deal on some.
And if this creative, new strategy once again fails to “revive markets”, there’ll be another G20 meeting with another bunch of protesters holding signs that blame capitalism.
Eventually, though, Atlas is bound to shrug. Any bets on when that will be?
Infuriating, isnt it? Intervention in the market creates the problem and then everybody blames the market. Then more intervention, and the cycle repeats. And no one ever seems to get it. Except us of coure [:D]
As to atlas shrugging, I have no idea. It will probably be in my lifetime, though.
This is exactly how I feel:
There isn’t enough capital anywhere to pay off the double digit trillions that cdo’s and then on top of that other derivative debts, printing the fiat press, etc… They can always cook the books as the world goes into war or something. Enron anybody. But as big as this economic hype gets, the bigger the “boom of war” might have to be to get people to forget this economic collapse. There was Enron all over the news and then 9/11 happened and the media forgot all about it.
Atlas has already been shrugging-jobs have been leaving this country for decades.